XML 11 R4.htm IDEA: XBRL DOCUMENT v3.19.1
Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Interest Income      
Interest and fees on loans $ 24,291 $ 21,147 $ 19,949
Interest and dividends on securities:      
Taxable interest income 1,487 1,197 958
Tax-exempt interest 375 341 211
Dividends 135 106 118
Interest on deposits in other banks 410 529 338
Total interest income 26,698 23,320 21,574
Interest Expense      
Interest on deposits 2,447 1,599 1,319
Interest on federal funds purchased 46 2  
Interest on Federal Home Loan Bank advances 541 249 324
Interest on Junior subordinated debt 199 199 200
Total interest expense 3,233 2,049 1,843
Net interest income 23,465 21,271 19,731
Provision for (recovery of) loan losses 507 520 (508)
Net interest income after provision for (recovery of) loan losses 22,958 20,751 20,239
Noninterest Income      
Brokerage fees 180 170 184
Bank-owned life insurance 361 362 361
Other service charges, commissions and other income 325 299 367
Loss on partnerships, net (167) (126) (267)
Gain on call of securities available for sale 838   1
Gain on sale of mortgage loans held for sale, net 37 10  
Total noninterest income 6,074 5,468 5,297
Noninterest Expenses      
Salaries and benefits 12,108 11,083 10,760
Occupancy 2,331 2,320 2,312
Furniture and equipment 1,012 1,154 1,251
Marketing and business development 610 476 534
Legal, audit and consulting 1,015 1,058 1,198
Data processing 1,292 1,254 1,264
Federal Deposit Insurance Corporation assessment 369 312 489
Other real estate owned 16 18 19
Other operating expenses 3,398 3,169 3,098
Total noninterest expenses 22,151 20,844 20,925
Income before income taxes 6,881 5,375 4,611
Income tax expense 746 2,879 937
Net Income $ 6,135 $ 2,496 $ 3,674
Earnings per share, basic $ 1.63 $ 0.66 $ 0.98
Earnings per share, diluted 1.62 0.66 0.98
Dividends per share $ 0.48 $ 0.48 $ 0.48
Trust and Estate Fees [Member]      
Noninterest Income      
Total noninterest income $ 1,542 $ 1,528 $ 1,409
Service Charges on Deposit Accounts [Member]      
Noninterest Income      
Total noninterest income 1,706 1,926 2,108
Intercharge Fee Income, Net [Member]      
Noninterest Income      
Total noninterest income $ 1,252 $ 1,299 $ 1,134